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Neptune Cuts Costs, Suffers from Upstream Woes
Mar 11, 2021 11:20:am
Summary The producer lost output last year but its gas-weighted portfolio is in line with OECD climate objectives.
by: William Powell
Privately held explorer Neptune cut its operating costs from $10.3/barrel of oil equivalent (boe) in 2019 to $9.5/boe in 2020, against a break-even crude oil price of $29.8/boe, it reported.
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